#KotakMidCapMeet15
December 11, 2015 Leave a comment
At the @KotakSecurities #KotakMidCapMeet15 ,Grand Hyatt Mumbai
#KotakMidCapMeet15
December 11, 2015 4 Comments
Happy to accept the invitation to @KotakSecurities #KotakMidCapMeet15 tomorrow. I’m honoured to be one of only 2 finance bloggers to be invited, Mr Sandip Sabharwal being the other.
Looking Forward to hearing Mr Nilesh Shah, Mr Kenneth Andrade and hopefully Mr Sandip Sabharwal speak on mid-caps.
My friend and fellow blogger, Bhavikk Shah has already sent me his question to ask Mr Andrade , should I get the chance.
And I extend the same chance to all my readers. Please comment your questions below. Should I get the chance, I’ll try to get your queries answered by these ace investors.
Sovereign Gold Bonds – I’ll Pass
November 28, 2015 2 Comments
The first I heard of the Sovereign Gold Bonds was on Dhanteras day when my bank tried to get me to purchase some of them.At the time , I was on my way out shopping and my first thought was: Do I really want to postpone my gold purchases for a year to earn an additional 275 rupees per Rs10,000/-?Yaar, I could haggle with the jeweller and easily get that much and more off my purchases. And then, I love wearing jewellery.Do I want to give up on that pleasure and experience, multiple times a year, for as little as 275 rupees? That too in the days when one simple restaurant meal, or a taxi ride might cost that much and more? The answer then was an easy “NO”.
Later, I was to learn worse about these bonds. They are priced higher than the price of physical gold on the street. So there goes any notional interest a person might have earned! Read more of this post
Gold Play
November 24, 2015 2 Comments
A few years ago there was no person selling financial products that didn’t have a good word to say about gold, even if it was just paper gold.
And these day’s when gold prices are down, there’s a lot of people talking about the non interest bearing nature of gold and the hassles of gold ownership. “Monetizing ” gold is the new buzz-word.
But round the world, central banks are involved in an interesting gold play. I’m not sure its check-mate as yet .But where all these guys prefer physical gold, I’m not persuaded that letting go of our small stashes is such a great idea. Enjoy the very interesting article below:
Grandmaster Putin’s Trap: Russia is Selling Oil and Gas in Exchange for Physical Gold
-Dmitry Kalinichenko
Accusations of the West towards Putin are traditionally based on the fact that he worked in the KGB. And therefore he is a cruel and immoral person. Putin is blamed for everything. But nobody ever accused Putin of the lack of intelligence.Any accusations against this man only emphasize his ability for quick analytical thinking and making clear and balanced political and economic decisions. Read more of this post
Recycle Your Scrap Gold And Get Paid For It
November 23, 2015 2 Comments
Being something of a gold-bug and an investor with a preference for tangible assets, I don’t much care for the line of thought that sees gold as a dead asset. Moreover, no matter however deeply unfashionable, I believe that by “worshipping” gold as we Indians do, we actually help keep our politicians “honest”. Gold has a way of exposing the economic lies and false promises of the powers that be.
However, should you have scrap gold with you-broken artefacts,worn out jewellery that simply can’t be repaired any longer,9Kt gold,14Kt gold- the new gold deposit scheme is a god send.
Normally, you’d have to pay to have the gold melted down and made pure but as per the provisions of the Gold Monetisation Scheme, the banks would pick up this tab. And they have to pay you a small interest for the period you choose to entrust the gold to them.
So go ahead and approach the banks with your scrap gold. A short while later, you should be able to withdraw your gold as 995 gold bullion.
wealthymatters 